Insurance company assets to GDP in South Africa
South Africa: Insurance company assets to GDP was 60.1% in 2020. ▲ Rising
Insurance company assets to GDP in South Africa, 2000–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
South Africa recorded 60.1% for insurance company assets to gdp in 2020.
The figure is up 2.9% on the previous year and up 14.4% over ten years.
Over the whole period, insurance company assets to gdp in South Africa peaked at 63.3% in 2015 and was at its lowest, 27.5%, in 2003.
South Africa ranks 18th of 138 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Insurance company assets to GDP in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 33.8% | — |
| 2001 | 35.6% | +5.4% |
| 2002 | 28.5% | -19.9% |
| 2003 | 27.5% | -3.4% |
| 2004 | 27.8% | +0.8% |
| 2005 | 32.7% | +17.8% |
| 2006 | 30.5% | -6.8% |
| 2008 | 53.6% | +75.9% |
| 2009 | 51.8% | -3.4% |
| 2010 | 52.6% | +1.6% |
| 2011 | 52.1% | -0.9% |
| 2012 | 54.9% | +5.3% |
| 2013 | 57.8% | +5.2% |
| 2014 | 60.0% | +3.9% |
| 2015 | 63.3% | +5.3% |
| 2016 | 60.0% | -5.2% |
| 2017 | 60.4% | +0.7% |
| 2018 | 58.7% | -2.9% |
| 2019 | 58.4% | -0.4% |
| 2020 | 60.1% | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.7% | 27.5% | 53.6% | 9 |
| 2010s | 57.8% | 52.1% | 63.3% | 10 |
| 2020s | 60.1% | 60.1% | 60.1% | 1 |
Countries ranked near South Africa
More financial sector data for South Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.81 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.0607 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.08 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.81 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.0607 % change on previous year (2025)
Frequently asked questions
- What is insurance company assets to gdp in South Africa?
- Insurance company assets to gdp in South Africa was 60.1% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest insurance company assets to gdp recorded in South Africa?
- The highest recorded value was 63.3% in 2015.
- What is the lowest insurance company assets to gdp recorded in South Africa?
- The lowest recorded value was 27.5% in 2003.
- How does South Africa rank for insurance company assets to gdp?
- South Africa ranks 18th out of 138 countries with data for 2020.
- Is insurance company assets to gdp rising or falling in South Africa?
- Over the last ten years it is up 14.4%. The long-run trend across the full record is rising.
- Where does this South Africa data come from?
- The figures come from Nonbanking financial database, World Bank, published as part of Insurance company assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Data taken from a variety of sources such as AXCO and national sources.